This paper examines minority squeeze-outs and their regulation in Germany, a country where majority shareholders have extensively used this tool since its introduction in 2002. Using unique data on court rulings and compensations, we analyze a sample of 324 squeeze-outs of publicly listed companies from 2002 to 2011. Large firms with foreign large shareholders are the most likely to be delisted...

We are accustomed to thinking of corporate stock primarily as property, and of stockholders, particularly minority stockholders, as free agents in the exercise of their rights as property owners. The purpose of this article is to show that there are situations in which minority shareholders, like other holders of contract and property rights, may be obligated when exercising their rights as own...

“... in the real world things are not that simple...Creditors want to be sure that they will be repaid, which often means firms taking on less risky projects ... managers would rather maximise benefits to themselves (by) preferring policies that justify paying them a higher salary, or divert company resources for their personal benefit or simply refuse to give up their jobs in the face of poor ...

Based on China’s mandatory requirement for listed firms to implement online voting in their annual general shareholder meetings, we investigate whether and how minority shareholders influence corporate environmental performance (CEP). We use the difference-in-difference approach find that implementation of promotes shareholders’ participation which, turn, leads improved CEP firms. discover “loc...